IFTA-

International fuel tax agreement—is a collective agreement between Canada, and Lower 48 States to Collectively manage and agree to administration of the Commercial Vehicle between states—–without impeding trade and commerce.  Simplification to a centralized hub, to monitor Self Govern on behalf, and require.

This is the set Agreement and government approval to centralize the Fuel Tax and Agreement with payment to this hub of approval, with authorized Head, and Set basis for jurisdiction within the jurisdictions.

Quarterly Reporting- minimal 1 time per annual Jan 1-Dec31, Hence the reason most Carriers Set annuals on the set fixed time……easier to report all at one time.

KYU—-

What the Fuck!!  Yes, Kentucky is not a member of the IFTA

KYU requires registration and Guess what, Registration number.

Surprise……

Complicated–

You tell me>

Burden of Proof rests with the Liscensee——-What the fuck, ?!?

Yes, Proof is burden of Carrier — Not Governing Body, they can fuck-up a monkey and a football, it is still burden of Carrier to Prove!

This is where the ELD do a big huge help with reporting……..

ELD-

Data from Date to set date, can provide exact hindsight and mileage log per route, automatically—-Set

Data can be printed at any point for audits, required.

Yes they have a wonderful assistance……They do help…………When you integrate these into the dedicated Cloud set of operations and system—the Operations Center can plug and play-  limiting bases of reports and times needed to accurately report.

Think about that over next yr when reporting……Do some quarterly reports on 10 trucks or more…..then report that to owner, timely——why Safety uses drivers for this with Carriers……………….WE know the Routes……..

When you go with Options like this for Operations, and get implemented and set up to function and report, and do all in a timely manner——This can cause the Small guys to not desire the growth…..it impedes instead of support.

Needs to report:

DATE–Active Loads

Route- Daily

Driver logs-

Fuel

Used

mileage total

I Rather do my trips daily……..By list

Trucks Active- List with Logs from Drivers

Loads approved for Loading

Loads unloading

Equipment mileage

Hub mileage

Estimated mileage

Consumption of oil based petro products…….

Repairs- Cost and Total time—— This can be Reinsured against loss from Time—-while under Load.  Any losses on breakdown time—can be REINSURED ——Guarantee Service with EACH PROVIDER—–Book all Roadside—–and have Reinsurer Policy and provider network………………This is why a good central hub with spokes to each need is critic in carrier operations, fluidity and regulations…………—-Insurance people you reading this????  See where the Carriers are able to hedge based on statistics if needed………..Fluid money is Volume and even at 1% return, can spin to 12% or more in profits per year……Yes I will take 1% of any transaction you desire to pay………1% return every 18 days average pay……..that turns into higher profits just for the efficiency…………

Additional Resources:

https://www.iftach.org/committee/

http://interstateauthority.com/kyunumber.aspx

https://www.iftach.org/manualnew.php

Why you can leverage your finance and Volume…….

Oh, yes—-That is why I like trucking…. GROSS Volume…….and Monetary Volume it can produce.  Remember 80k per truckload max weight……..I have pulled too many so close to the 80k gross, that 5 gallons of extra was enough to get a over gross $$$ fine……………running 55 Gal at a time in a system designed for 200GAL minimum operation function without risk…….1 Pallet of pharma type loads—–temp regulated, maybe weighs like 800lbs…..seen it more than once……..

My buddy use to say—–let me make a $1 on every dollar I get in my pocket, I would be a wealthy wealthy Carrier………………If you know what is possible, then you know—Where and what you can do——

Investment Firms love while rather small action compared to the billions in operations——However, There is a communication gap—if you know what to ask for, Volume can be leveraged…..make a $1 on $1……….It is the tools that we have for supporting our infrastructure, and operations.  Available YES—-Everyone——-I am suppose to say yes……..

However—-We know that you must understand and know what you are doing and understanding the different industries that are available to Gross Volume operations……………………

Compounding……..

Give me a guarantee of 1% consistent daily return average of 18 days——and I’ll outperform most anyone in any market………….Remember ya’ll money is fluid……..it don’t like idle hands.

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